Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 390 | 370 |
II | 350 | 330 |
III | 260 | 250 |
IV | 210 | 200 |
Avg. I-IV | 250 | 240 |
V | 160 | 150 |
VI | 130 | 120 |
VII | 80 | 70 |
Avg. V-VII | 100 | 90 |
Avg. I-VII | 200 | 190 |
VIII | 30 | 20 |
For all applicable use-value estimates, view Floyd’s brochure